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A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital in excess of par account is A) $5,000. B) $ 95,000. C) $100,000.
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A firm issued 5,000 shares of $1 par-value common stock, receiving proceeds of $20 per share. The accounting entry for the paid-in capital in excess of par account is

A) $5,000.
B) $ 95,000.
C) $100,000.
D) $0.

User Determinant
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95,000 B
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User Gremo
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